Expected or hoped-for economic trends are being described with like letters. Most desirable is the V, and the deep crisis following the recovery from the bungy principle. The W describes the surprising decline after the rapid recovery, for example, when I run the monetary stimulus and ends flooding, followed by the hangover. Readmore…
Despite the success of the social market economy, in politics again and again deviated from its principles: free pricing and competition, personal responsibility and individual responsibility, freedom of contract and private property are not considered rare enough. For in democratic systems, there are incentives for politicians to deviate in the name of social justice or the public interest by these principles. Readmore…
For many centuries it was not only licensed pirates who were authorized by states to hunt on the ships of other, hostile nations. There were real pirates who were under the authority of any state. After the great age of piracy to the end of the 17th and early 18 Century disappeared the socio-ecological niche for the real piracy as well as the ecological niches for other life forms in the broader sense anarchic. Readmore…
Central banks pump money into the business cycles as never before. One of the reasons stated in the macroeconomic issues excellently versed Mirko Marko his friend, is the danger of deflation, which would completely overturn the affected economies into deep depression. With a shudder Marko shows in Japan, where it will not succeed for more than ten years, despite massive accumulation of money and out of extreme debt from the deflationary stagnation. Readmore…
Pope Benedict XVI. has its third newsletter – an encyclical – submitted. It's been a long-awaited “social encyclical,” whose appearance because of the financial crisis delayed again and again. The result is a readable hard work, which contains some remarkable highlights that have been discussed publicly barely. Readmore…
I.Of Economics has won the empirical-quantitative approach to prevail. Why is the philosophy of science there is no progress, and why this is – misleading as “modern” called – can legitimize anti-freedom-oriented policies and transport, will be discussed below. – This post does not spread news, but draws attention to critical arguments, which are currently in “Methods dispute” over the course of economics have little or no attention. Readmore…
“No one spends someone else's money as carefully as he spends his own.”What was feared for a long time, is unfortunately true that the economic crisis depends on the labor markets. A shrinking GDP, unemployment rates can soar. Yet the true extent of the crisis is hidden in the labor markets. Readmore…
The Constitution of the Federal Republic is rightly regarded as a godsend, because it has after the years of Nazi barbarism enshrined the principles of human dignity and the open society rooted in our society. Who would have thought possible for 1945? This does not change the fact that the Basic Law may be beyond his unshakable principles not subject to public discourse and must. Readmore…
It is not uncommon that the independence of central banks has been criticized. Usually, we hear demands for greater political control of central banks when their interest rates critics consider too high. In almost every upswing to find someone who thinks that the interest rate increases would come much too soon and would stifle the very onset of relaxation. Readmore…
The list of requirements, the John Maynard Keynes, economists lined up for good, it has achieved in recent time has a high standard in several different directions and combine talents with each other, one does not often found together. He must be mathematician, historian, statesman, philosopher be – to some degree. Readmore…